AVP, Fund Finance — CIT NAV & SEC Reporting

iCapital; New York (NY); Hybrid; USD 110,000 - 145,000; Full time

Benefits offered by this job

Equity

Annual bonus

Health insurance

Retirement plan

Unlimited PTO

Hybrid work

Remote Fridays

Job summary

iCapital is hiring a detail-oriented Fund Accountant to support the expansion of its Collective Investment Trust platform, focusing on alternative investments. You will ensure NAV accuracy, reconcile between administrators and custodians, and validate valuations with GP data.

The role requires 5+ years in fund accounting, strong US GAAP knowledge, and familiarity with SEC reporting. Hybrid work arrangement with Friday remote work and a competitive compensation package is offered.

Qualifications

• 5+ years of experience in fund accounting or public accounting with a focus on alternative investment management clients.
• Experience with Collective Investment Trust (CIT) Accounting strongly preferred
• Strong knowledge of investment company accounting under US GAAP is required
• Experience with registered funds ('40 Act and '34 Act) and familiar with SEC reporting requirements (Form 10-K, 10-Q)
• CPA certification is preferred

Responsibilities

• Perform detailed reviews of the monthly NAV packages prepared by third-party fund administrators.
• Reconcile cash, positions, and activity between the administrator and custodian.
• Validate portfolio valuations to ensure they align with data provided by the GP and their independent valuation advisor.
• Recalculate management and incentive fees to verify accuracy.
• Review and approve fund-level expense payments and accruals.
• Assist in the preparation and review of financial statements and schedules for quarterly (Form 10-Q) and annual (Form 10-K) SEC filings.
• Act as a key liaison with the fund's external auditors, managing the end-to-end annual audit process.
• Support the drafting and review of current reports (Form 8-K) for events such as monthly subscriptions.
• Leverage iCapital technology to create and publish monthly NAV statements and fact cards for investors and distribution partners.
• Contribute to the oversight of the third-party tax provider to ensure timely and accurate delivery of investor K-1s.
• Calculate proration factors for oversubscribed quarterly tender offers.
• Assist in the development and maintenance of internal controls over financial reporting to comply with regulatory requirements.
• Contribute to the maintenance of our SOC-1 report to include the '34 Act fund servicing model.
• Identify and implement process improvements to enhance the efficiency and accuracy of the fund finance function.

Skills

Fund accounting

US GAAP

SEC reporting

Attention to detail

Team collaboration

CPA certification preferred

Tools

CIT accounting experience

Job description

iCapital is hiring a detail-oriented Fund Accountant to support the expansion of its Collective Investment Trust platform, focusing on alternative investments. You will ensure NAV accuracy, reconcile between administrators and custodians, and validate valuations with GP data.

The role requires 5+ years in fund accounting, strong US GAAP knowledge, and familiarity with SEC reporting. Hybrid work arrangement with Friday remote work and a competitive compensation package is offered.